NEW VPS PLANS

Experience Ultra-high Performance of NVMe Storage on New UK VPS Plans.

Deploy Instantly
  • +357 2425 0808
  • Login
  • English

Home

Blog

Malta Parliament approves New Gaming Act...

Malta Parliament approves New Gaming Act

Malta Parliament approves New Gaming Act

NetShop ISP

NetShop ISP · Blog Author

May 11, 2018 · Archive

Malta’s Parliament has given the green light to for the third and final reading of the new Gaming Act, which shall elevate the jurisdictional profile of Malta from a regulatory perspective by strengthening the MGA’s supervisory role, specifically the compliance and enforcement functions to better achieve the regulatory objectives, in line with concurrent developments relating to anti-money laundering and combating the funding of terrorism.

This new framework increases the oversight of the Malta Gaming Authority, expanding its scope to carry out interventions where necessary. As previously mentioned, the new law will also divide the role of a Key Official into an approved entity into a number of key functions for direct control and targeted supervision controls, and will strengthen the players protection framework by formalizing the role of the MGA player support unit, a mediator between affected players and operators. The new law also provides for new and more effective procedures for criminal and administrative justice.

The new Gaming Act is pending for approval by the European Commission and European Union member states under the Technical Regulation Information System process before it can come into law. The new law is set to come into force on July 1st. “In the absence of issues emerging from this process, it shall come into force on 1 July 2018 for remote gaming operators and, following a transitory period, on 1 January 2019 for land-based operators.” MGA said on a publication on its website.

“I would like to thank the MGA for moving the regulatory agenda for gaming services forward, as well as for identifying areas for further and continuous improvement. The MGA will periodically review the regulatory performance of the sector and the framework itself and will advise Government on the attainment of its objectives mainly focusing on consumer protection and integrity.“ said Hon. Silvio Schembri, the Parliamentary Secretary for Financial Services, Digital Economy & Innovation.

Heathcliff Farrugia, MGA’s Chief Executive Officer, stated; “This is a very important milestone for the MGA. The new law establishes very robust compliance and enforcement powers and structures, and lays the necessary foundation to continue to strengthen player protection.”

Press Releases
72

Free VPS Trial

No Credit Card Required.

Recent Posts

How NetShop ISP Improves Trading Infrastructure Resilience through Equinix LD7 Data Center Hosting

How NetShop ISP Improves Trading Infrastructure Resilience through Equinix LD7 Data Center Hosting

21 March, 2024

Introducing New Cutting-Edge VPS Plans: OKTAPLUS, HYPER, and TITAN Enhanced with NVMe Technology

Introducing New Cutting-Edge VPS Plans: OKTAPLUS, HYPER, and TITAN Enhanced with NVMe Technology

12 March, 2024

How To Install Let’s Encrypt SSL on Ubuntu Server 22.04 for Apache or Nginx

How To Install Let’s Encrypt SSL on Ubuntu Server 22.04 for Apache or Nginx

04 March, 2024

Navigating Forex Server Hosting: Key Distinctions from Conventional Providers

Navigating Forex Server Hosting: Key Distinctions from Conventional Providers

23 February, 2024

How to Install Nginx, MariaDB, PHP-FPM on AlmaLinux 9 Server (LEMP)

How to Install Nginx, MariaDB, PHP-FPM on AlmaLinux 9 Server (LEMP)

16 February, 2024

#letushostyou

Award Winning Hosting Provider established in 2004.

120 Faneromenis Avenue, Imperial Tower, 2nd Floor, Larnaca 6031, Cyprus

Products

Bare Metal Servers

Customized Servers

Virtual / Cloud Servers

Forex VPS

Storage VPS

cPanel Web Hosting

Reseller Web Hosting

Colocation

Addons

Premium DNS

Email Hosting

Cloud Backup

DDoS Protection

Licenses

SSL Certificates

Domain Names

Premium SLAs

About Us

Data Center Locations

Looking Glass

Our Company

Contact Us

Careers in Cyprus

Become a Partner

Awards

Certifications

© 2024 S.S. NetShop Internet Services Ltd. All rights reserved.  Terms & Conditions  |  Privacy Policy
CY Reg. Number: HE 217340 | EU VAT Number: CY10217340J

Visa
Mastercard
PayPal
Bitcoin
Tether
Ethereum
Litecoin
Wise
Revolut
Wire Transfer